The median purchase rate remained at 6.75% in week 23, 2025.
According to Mortgage News Daily, the avg. 30-year rate was 6.95% on June 9th.
Purchase rate lock volume was down 44% from the same week in 2019, and down 9% YoY.
Preliminary YoY HPA was 3.0% in April 2025. It is projected to be 3.5%, 3.8%, and 3.9% for May 2025, June 2025, and the first week of July 2025.
Despite subdued purchase activity and relatively high rates, YoY HPA remains modestly positive, largely due to buyers being well-qualified.